Head of Development

4 weeks ago


Riyadh, Saudi Arabia Arabian Centres Full time
Job Summary
  • Assist in the development of Development & Delivery annual business plan, KPIs, budget, and policies and procedures
  • Assist in the identification of opportunities by leveraging personal and professional network
  • Lead IMDOP stages 1-4 and allocate Development Managers to various projects
  • Ensure the development of high-level and detailed feasibility studies and financial models for all project opportunities
  • Provide input to L4s regarding modeling techniques, assumptions, and inputs and oversee their training to improve their capabilities
  • Ensure coordination between L3s and L4s of various departments for input into financial models and feasibility studies (incl.
  • Marketing, Operations, Leasing, and Finance) for feasibility updates
  • Review feasibility studies and communicate/ present attractive project and investment opportunities to the CEO, Development Committee, and Executive Committee
  • Ensure regular updates of feasibility studies and financial models and communicate updated projections to Development & Delivery
  • Oversee the development of pre-concepts, development briefs, and Asset Business Plans for greenfield project opportunities
  • If required, perform allocation of Feasibility resources to Project Managers for additional analysis based on workloads
  • Oversee the development of modeling tools, templates, and functionalities, in coordination with Development & Delivery
SkillsEducation
  • Bachelors degree in finance/accounting, or engineering, or economics or management
  • MBA or equivalent is preferred
Experience
  • 12+ years of development and feasibility experience in a leading property developer or asset manager, with a critical focus on the retail segment
  • Deep exposure to KSA or GCC region and adjacent markets
  • Experience in Retail Leasing or Mall management is preferred
Competencies
  • Extensive experience in real estate feasibility studies and investment analysis
  • Excellent financial acumen and scenario modeling skills
  • Strong analytical skills
  • Strong understanding of the real estate development cycle and regional market
  • Proficiency in design and architecture

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